[12] On October 11, 2023, the band released "Sneaking Out of Heaven" and added the song to all streaming versions of the album's standard edition.

"[16] Ashley Oken of New Noise Magazine feels that the album "perfectly melts their eras together...[and] sees Waterparks take a bold step into new territory.

"[15] Stephen Ackroyd of Upset Magazine called the album "A constantly shifting, hyperactive genre flip, [that] bounces off the walls of the tired and overdone – the best sonic representation of Awsten Knight's chaotic mischief yet.

"[18] Emily Young of Square One Magazine shared that the album is "quintessential Waterparks - a detailed journey from start to finish.

"[17] In December 2023, Rock Sound listed Intellectual Property at number seven in its Top 50 Albums of 2023, describing it as a "stripped-back" songwriting effort compared to "the diverse and dynamic ideas of 'Greatest Hits'" and having Awsten Knight's "poppiest melodies to date".